CHRYSLER: TAKEOVER NOT BLOCK EXPANSION IN CHINA
AsiaInfo Services, May, 2007
AsiaInfo Services 05-17-2007 Chrysler: Takeover Not Block Expansion in China SHANGHAI, May 17, 2007 (SinoCast via COMTEX) -- Chrysler Group announces that it will not give up the expansion plan in China, although it was sold by DaimlerChrysler AG to a private fund at EUR 5.5 billion (USD 7.4 billion) on May 14, 2007. Before the takeover, the carmaker has just started performing its overall market and product strategies in China, one of the fastest-growing automobile markets around the world.
In fact, 300C, a high-grade sedan model, is already manufactured in China, and Sebring, a medium-grade car model, is determined to be produced locally. Besides those, the automaker plans to launch all brands cars of Dodge, Jeep and Chrysler, the three main car brands of...
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